Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 7, 2015
arrowPress Releases
July 7, 2015
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Major game magazine publisher Future to cut websites, 170 staff
Major game magazine publisher Future to cut websites, 170 staff
May 29, 2014 | By Christian Nutt




As part of a major restructuring effort, the publisher of Edge, PC Gamer, and GamesRadar aims to cut staff, sell off magazines, and consolidate its editorial teams.

MCV reports that the UK magazine publisher -- best known for properties such as Edge and GamesRadar -- will be shuttering many of its game-focused websites as it aims to streamline its loss-making business.

Future has plans to close CVG, Edge Online and the websites for Official PlayStation, Official Xbox, and Official Nintendo magazines, MCV reports.

The company recently laid off much of its print editorial staff in the U.S. as it consolidated its publishing efforts around its UK offices, with plans to repurpose UK content in the U.S. Now, Future is planning further cuts of over 170 staff in the UK, it has announced, as it consolidates offices. It has also announced a deal to sell off its crafts and sports magazines in an effort to double down on tech and games.

"The streamlining of our consumer strategy -- with an increased focus on the consumer technology market and a clear channel-neutral approach -- allows for a simplification and standardisation of our digital advertising platforms and opportunities," said CEO Zillah Byng-Maddick, in a statement alongside its financial results.

The company reported pre-tax losses of 30.6 million ($51.2 million) for the first half of its current fiscal year. Revenues were slightly up in the UK -- a 2 percent gain -- but down 14 percent in the U.S.

"Our revised business model is based on the virtuous circle of engagement in two core content areas: reviews (when consumers are looking to make product purchase decisions and where we can derive ecommerce revenues) and 'how to' opportunities (when consumers want to learn more and are prepared to pay us to help them do so, through tutorials, events etc)," Byng-Maddick said.


Related Jobs

Telltale Games
Telltale Games — San Rafael , California, United States
[07.07.15]

Automation and Build Engineer
Warner Bros. Entertainment Inc.
Warner Bros. Entertainment Inc. — Burbank, California, United States
[07.07.15]

Senior Engineer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[07.07.15]

Systems Designer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[07.07.15]

Concept Artist









Loading Comments

loader image